GBPUSD back under pressure
The British pound is coming back under selling pressure against the US dollar after finding strong technical resistance from the 1.3245 level on Monday. If GBPUSD sellers can breach the 1.3100 support level, the key 1.3000 level may once again come into focus. Brexit news and moves in the US bond market are currently the main intraday drivers for the GBPUSD pair.
The GBPUSD pair is intraday bearish while trading below the 1.3100 level, key technical support is found at the 1.3000 and 1.2970 levels
If the GBPUSD pair trades above the 1.3100 level, buyers may test towards the 1.3205 and 1.3245 resistance levels.